Economics
It’s ‘Rainy’ Season for Brexit Barometer
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February marked the third straight month that the Bloomberg Brexit Barometer was in “rainy” territory, amid increasing uncertainty about what exactly will happen when the deadline for Britain to leave the European Union arrives on March 29.
The barometer rose slightly to minus 4.5 last month from minus 7.1 in January, the lowest monthly reading in more than five years. In late February, the daily measure even returned to a positive reading, into “windy” conditions. But it quickly fell back amid indications that no solution is in sight—even as a key vote on U.K. Prime Minister Theresa May’s Brexit deal looms in the House of Commons this week.